Ghida Alsultan for Fast Food reported a 24% decline in net profit, reaching SAR 6 million for the fiscal year ending December 31, 2024, compared to SAR 8 million in 2023, following the announcement of the company’s preliminary financial results.
Key Financial Highlights:
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Operating profit decreased by 9% to SAR 6.4 million, compared to SAR 7.03 million in 2023.
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Shareholders’ equity (excluding non-controlling interests) rose 11% to SAR 67 million, up from SAR 60 million in 2023.
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Earnings per share (EPS) stood at SAR 1.9, down from SAR 2.5 in 2023.
